Business
NMGS Warns Nigeria Losing Billions to Illegal Mining
The Nigerian Mining and Geosciences Society (NMGS) warns Nigeria loses billions daily to illegal mining, urging stricter regulation, ethical practices, and sustainable resource management
The Nigerian Mining and Geosciences Society (NMGS) has raised alarms over the billions of naira lost daily to illegal mining activities across Northern Nigeria and other regions.
Also read: Segilola Resources Champions Ethical Sourcing in Mining
National President Rose Ndong highlighted that overreliance on crude oil has limited investment in solid minerals and agriculture, forcing some licensed operators to compromise and engage in unauthorized extraction.
She called for stricter regulation, enforcement of ethical standards, and effective oversight to restore order in the sector.
Ndong spoke during the 261st National Conference of NMGS in Uyo, Akwa Ibom, themed “Optimising Efficiency, Sustainability and Resilience in Resources Management and Infrastructure Development.”
The event will showcase Nigeria’s geo-tourism potential, sustainable infrastructure projects, and the state’s rich mineral and water resources, promoting investment, job creation, and climate-resilient development.
Also read: Okpella Crisis: Ukhomuyio Concerned Citizens Reject ‘Rotational Monarchy’, Laud DSS and Edo Governor
She commended Governor Umo Eno for his leadership under the ARISE Agenda and described the conference as a strategic step toward positioning Akwa Ibom as a geo-economic hub in the Niger Delta, while advocating mandatory geo-scientific assessments for infrastructure planning.
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